Power Solutions International Inc. (NASDAQ:PSIX)’s share price was up 14% on Friday . The stock traded as high as $19.64 and last traded at $19.57, with a volume of 74,807 shares trading hands. The stock had previously closed at $17.17.

Several equities analysts recently weighed in on PSIX shares. Vetr upgraded shares of Power Solutions International from a “hold” rating to a “buy” rating and set a $17.30 target price on the stock in a report on Monday, June 13th. Zacks Investment Research lowered shares of Power Solutions International from a “hold” rating to a “sell” rating in a report on Tuesday, March 29th. Lake Street Capital boosted their price objective on shares of Power Solutions International from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, April 19th. Finally, Roth Capital boosted their price objective on shares of Power Solutions International from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Power Solutions International has an average rating of “Buy” and a consensus price target of $19.48.

The company has a market cap of $212.90 million and a price-to-earnings ratio of 199.69. The stock’s 50 day moving average price is $16.87 and its 200 day moving average price is $13.78.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.60) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.15. The business had revenue of $61.80 million for the quarter, compared to analysts’ expectations of $59.69 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was down 28.2% on a year-over-year basis. Equities research analysts forecast that Power Solutions International Inc. will post ($0.30) earnings per share for the current year.

A hedge fund recently raised its stake in Power Solutions International stock. Royce & Associates LLC raised its stake in Power Solutions International Inc. (NASDAQ:PSIX) by 114.0% during the fourth quarter, Holdings Channel reports. The firm owned 206,922 shares of the company’s stock after buying an additional 110,222 shares during the period. Royce & Associates LLC owned 1.92% of Power Solutions International worth $3,776,000 at the end of the most recent quarter.

Power Solutions International, Inc is a designer, manufacturer, distributor and supporter of power systems and custom-engineered integrated electrical power generation systems for industrial original equipment manufacturers (OEMs) across a range of industries, including stationary electricity power generation, oil and gas, material handling, aerial work platforms, industrial sweepers, arbor, welding, airport ground support, turf, agricultural, construction and irrigation.

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